Word: bank
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Dates: during 1960-1969
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Other AIESEC jobs provide practical experience in a student's specialty. One junior worked for the Swiss Bank Corporation in Zurich, where he spent the entire summer in the office of financial advice, counselling clients on the desirability of specific stock purchases. Similarly, an economics major did financial research for a small mutual funds firm in Lille, France. At the end of his traineeship he prepared a 40-page report on the prospects for investment in one of France's major steel companies...
Dark & Charmed. Based on a novella by Robert Louis Stevenson, Thomas' movie was commissioned in the late '40s by a subsidiary of the J. Arthur Rank organization. But Rank dissolved the subsidiary before the film could be produced, and the script vanished into the Rank bank. Richard Burton owns it now, in partnership with a New York producer, and sooner or later Burton intends to commit the story to film, with himself starring as an island trader named Wiltshire...
...businessmen must cope with new moral and human dimensions. "Why can't you think less about profit and more about people?" challenged Sverre Walter Rostoft, president of the Federation of Norwegian Industries. One way to accept that challenge was proposed by David Rockefeller, president of the Chase Manhattan Bank, who urged the world's managers to form their own private task force to help the developing nations learn the lessons of good management they need to move ahead...
...Banks are willing to lend money to a student on the diminishing value of his secondhand car," says USAF President Allen D. Marshall, a former executive of General Electric and General Dynamics. "They should be more willing to lend it on the increasing value of his education." Under USAF's plan, a student may borrow up to $4,000 from any bank in the organization's expanding network. While regular bank loans can cost up to 8% in true interest, nonprofit, tax-exempt USAF can secure loans repayable at as little as 5% and in no case more...
...school year got under way, USAF had endorsed some 1,800 loans, bringing its total to more than 20,000 and $10.6 million. To date, only 21 borrowers have defaulted-three because of death. USAF's network has expanded to include more than 530 colleges and 3,600 banks in 44 states. Assets, which are provided by grants from foundations, corporations, colleges and universities, now total $4,000,000, and USAF can bring forth $12.50 in bank loans for every $1 in its reserve...